Seeka Kiwifruit lifts annual profit 35% on increased volumes, insurance payout
By Tina Morrison Feb. 29 (BusinessDesk) - Seeka Kiwifruit Industries, the largest kiwifruit grower in Australia and New Zealand, increased annual profit 35 percent as volumes recover from the impact of the Psa-V vine disease and it received insurance money from a fire at its l...
NZ dollar falls after better US data stokes bets on Fed interest rate hikes
By Tina Morrison Feb. 29 (BusinessDesk) - The New Zealand dollar declined after upbeat economic data in the US revived expectations the Federal Reserve will continue to hike interest rates. The kiwi was at 66.39 US cents at 8am in Wellington, from 66.25 cents at the New Yor...
World Week Ahead: Economic reality check
By Margreet Dietz Feb. 29 (BusinessDesk) - As recent better-than-expected US economic data have reminded investors, the Federal Reserve may have reasons to lift rates sooner than thought amid the international market turmoil. Fresh data this week on the American j...
Futures point to stronger dairy prices in next week's GlobalDairyTrade auction
By Tina Morrison Feb. 26 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, looks set to advance at next week's GlobalDairyTrade auction for the first time this year, according to traders who are pricing in an increase on the NZX futures market....
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